Crypto Market Crash Live December Updates & Breaking News: (December 17, 2022) The global crypto market capitalization is registering a major drop as the price of the largest digital assets such as Bitcoin (BTC) and Ethereum (ETH) drop 4% and 7% respectively.
The cumulative crypto market cap is down about 6% in the past day to $802 billion. Meanwhile, 24-hour trading volume is up 50% to $50.04 billion.
Trust Wallet Token Price Drops 20%
The Trust Wallet Token price is down 20% in the last 24 hours. TWT is trading at an average price of $1.65 at the time of writing. TWT 24-hour trading volume is up a whopping 276% to $212.9 million.
Liquidated Over $237 Million From Crypto Market
According to Coinglass data, the Crypto market has registered a total liquidation of $237.8 million in the last 24 hours. More than 95,000 traders have liquidated this huge amount of money from the market. However, the largest liquidation order took place on Binance, where a trader withdrew Ethereum worth $5.52 million.
Filecoin price crashes by 27%
Filecoin is the biggest loser among the top cryptos in the last 24 hours. The price of Filecoin has dropped by a big 27%. FIL is trading at an average price of $3.05 at the time of going to press. Meanwhile, 24-hour trading volume is up 356% to $441.5 million.
Ethereum Price Drops 7%
Ethereum price is down as much as 7% in the last 24 hours. ETH is trading at an average price of $1,183 at the time of writing.
However, the recent price crash has eroded all of last week’s gains for ETH.
The price of Ethereum is at risk of further collapse. Since the Beacon chain upgrades last year, ETH investors have been staking their coins with Ethereum 2.0.
Bitcoin price drops below $17,000
Bitcoin (BTC) price is down 4.5% and has slipped below the crucial USD 17,000 support. With BTC’s recent price drop, it has given up all weekly gains and is now in negative territory.
The broader cryptocurrency market has come under strong selling pressure, with a 6% correction in the last 24 hours and a loss of $50 billion. Read more here…
Crash on the crypto market
The global crypto market capitalization registers a major drop on Saturday morning. The cumulative crypto market cap is down about 6% in the past day to $802 billion. Meanwhile, 24-hour trading volume is up 50% to $50.04 billion.
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About the author
Ashish believes in decentralization and has a keen interest in the development of Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing crypto industry through his writings and analysis. When he’s not writing, he’s playing video games, watching a thriller, or exercising outside. Reach me [email protected]
This post Filecoin price reduced by 27%; Liquidation exceeds $237 million
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